Homework Answers
1) Production Budget
| April | May | June | |
| Sales unit | 3560 | 3825 | 4630 |
| Add: Desired ending inventory | 1912.50 | 2315 | 2092.50 |
| Total | 5472.50 | 6140 | 6722.50 |
| Less: Beginning inventory | -1780 | -1912.50 | -2315 |
| Production units | 3693 | 4228 | 4408 |
2) Direct material budget
| April | May | |
| Production Budget | 3693 | 4228 |
| Pound per unit | 2 | 2 |
| Raw material needed for production | 7386 | 8456 |
| Add: Desired ending inventory | 4228 | 4408 |
| Total | 11614 | 12864 |
| Less: Beginning inventory | -3693 | -4228 |
| Raw material purchase | 7921 | 8636 |
| Cost per pound | 3.20 | 3.20 |
| Raw material purchase cost | 25347 | 27635 |
Add Answer to:
Croy Inc. has the following projected sales for the next five months. Month April May Sales...
Croy Inc. has the following projected sales for the next five months Month April May Sales...
Croy Inc. has the following projected sales for the next five months Month April May Sales in Units 3,560 3,825 4,630 4, 185 3,900 June July August Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at...
Croy Inc. has the following projected sales for the next five months Month April May June...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3.850 3.875 4.260 4,135 3.590 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,510 3,895 4,500 4,125 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $2.50 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May Sales...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3.558 3.920 4.640 4,165 3,970 July August Croy's finished goods Inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials Inventory policy is to have 50 percent of the next month's production needs on hand at the end...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in Units
April
3,440
May
3,805
June
4,600
July
4,185
August
3,970
Croy’s finished goods inventory policy is to have 60 percent of the
next month’s sales on hand at the end of each month. Direct
material costs $3.00 per pound, and each unit requires 2 pounds.
Raw materials inventory policy is to have 50 percent of the next
month’s production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,480 3,945 4,510 4,190 3,970 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,590 3,845 4.580 4,125 3,910 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,450 3,915 4,560 4,105 3,920 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $3.40 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,400 3,905 4,630 4,190 3,980 Croy's finished goods inventory policy is to have 70 percent of the next month's sales on hand at the end of each month. Direct material costs $3.00 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months Month April May June...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3.490 3.900 4.600 4, 115 3.920 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.90 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at...
Croy Inc. has the following projected sales for the next five months Month April May Sales in Units 3,560 3,825 4,630 4, 185 3,900 June July August Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3.850 3.875 4.260 4,135 3.590 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,510 3,895 4,500 4,125 3,930 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $2.50 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3.558 3.920 4.640 4,165 3,970 July August Croy's finished goods Inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials Inventory policy is to have 50 percent of the next month's production needs on hand at the end...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in Units
April
3,440
May
3,805
June
4,600
July
4,185
August
3,970
Croy’s finished goods inventory policy is to have 60 percent of the
next month’s sales on hand at the end of each month. Direct
material costs $3.00 per pound, and each unit requires 2 pounds.
Raw materials inventory policy is to have 50 percent of the next
month’s production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,480 3,945 4,510 4,190 3,970 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,590 3,845 4.580 4,125 3,910 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,450 3,915 4,560 4,105 3,920 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $3.40 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,400 3,905 4,630 4,190 3,980 Croy's finished goods inventory policy is to have 70 percent of the next month's sales on hand at the end of each month. Direct material costs $3.00 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3.490 3.900 4.600 4, 115 3.920 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.90 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at...
Most questions answered within 3 hours.
-
Find the activity of a sample containing 7.49 1014 iodine-131
nuclei (T1/2 = 8.0 days).
asked 6 minutes ago -
Iodine is prepared both in the laboratory and commercially by
adding Cl2(g) to an aqueous solution...
asked 19 minutes ago -
You are given the following information for a 4-year lease,
with $65,000 payments due at the...
asked 20 minutes ago -
Benning Inc is a defense contractor that uses job costing.
Because the firm uses a perpetual...
asked 1 hour ago -
What is the net ionic equation for the reaction that would occur
when an aqueous solution...
asked 4 hours ago -
A
student bought $1000 worth of furniture. What is the equivalent
annual cost if it is...
asked 4 hours ago -
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 6 hours ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 7 hours ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 7 hours ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 9 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 10 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 10 hours ago